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Chocko Valliappa Praises Union Budget 2026 for Focusing on Long-Term Capacity Building Over Short-Term Consumption

Chocko Valliappa, CEO & MD, Vee Technologies, has stated that the Union Budget 2026 reflects a clear shift towards long-term capacity building rather than short-term consumption-led growth.

According to him, the budget’s overarching direction focuses on aligning talent with industry needs, strengthening advanced manufacturing capabilities, and reducing friction for technology-driven services. He observed that the emphasis is on building depth and improving execution, allowing productivity gains to compound over time.

Commenting on education, Chocko noted that one of the most significant shifts in the budget is the treatment of education as an economic engine rather than a standalone social expenditure. He pointed out that by linking universities with industrial corridors and directly connecting education to employment and enterprise, the policy recognises the need for skills development, research, and job creation to progress together.

In the manufacturing sector, he appreciated the targeted focus on sectors such as electronics, semiconductors, rare earths, chemicals, and aerospace. He said this approach signals a clear intent to move India up the manufacturing value chain by building supportive ecosystems that enhance strategic autonomy and long-term competitiveness, rather than relying solely on isolated incentives.

Chocko also underscored the importance of measures aimed at supporting micro, small, and medium enterprises (MSMEs). He noted that strengthening receivables financing and platforms such as TReDS addresses a critical working-capital challenge faced by MSMEs. Improving cash-flow reliability, he added, can significantly boost manufacturing output and job creation without adding undue fiscal pressure.

Discussing the impact on the IT services sector, he said the budget brings greater predictability through simplified transfer pricing norms, higher safe-harbour thresholds, and faster dispute resolution mechanisms. This, he explained, is particularly important as the sector transitions from cost-based models to higher-value, AI-enabled services.

On emerging technologies, Mr. Valliappa observed that while the budget does not overstate its ambitions, it clearly recognises artificial intelligence and advanced technologies as key productivity multipliers in both governance and industry. He noted that the real opportunity will depend on effective execution across education, skilling, and digital infrastructure.

At the same time, he cautioned that execution will be critical. He said the success of the budget will ultimately be measured by how effectively institutions translate policy intent into tangible outcomes such as employment, factory output, and research commercialisation, rather than allocations alone.

Summing up his assessment, Chocko described the budget as structurally sound and reform-oriented. While not designed to be headline-grabbing, he said it strengthens the foundations for sustainable, technology-driven growth and positions India for long-term expansion rather than short-term cyclical gains.

Source: https://www.indiablooms.com/finance/this-union-budget-is-about-building-capacity-not-chasing-short-term-consumption/details

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